Tesla has Chinese land for 500,000 car per year Gigafactory 3

Tesla has 1300 acres plot of land at the Shanghai Lingang Equipment Industrial Zone for building a 500,000 car per year Gigafactory 3. Tesla will be able to build a Chinese Gigafactory as large as the Gigafactory 1 in Nevada. The Chinese reports indicate 1300 acres but other sources talk about 210 acres. China plans …

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Tesla has 2019 growth by leasing the model 3 and overseas sales

Romit Shah, Nomura Analyst, believes that Tesla will have sustainable profitability. Tesla is near profitability or at profitability with the increased third quarter car production. Romit feels that Tesla has a lot more improvement when they start leasing model 3s. Most people prefer to lease cars. They have not started shipping the model 2 overseas …

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Tesla heading to 8000 model 3’s per week and production of $35,000 Model 3

Eric Markowitz and Dan Crowley of Worm Capital had a visit to the Tesla Gigafactory. They believe that Tesla will be able to sustain—weekly production rates of 6,000 Model 3 battery units per week, and with new Grohmann Engineering machines will be able to scale to about 8,000 / week with minimal additional capital investment. …

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Tesla invests $680 million into Gigafactory 3 in China

Sina Finance reports that Tesla Shanghai has registered a capital increase to 4.67 billion yuan (US$680 million.) In May 2018, Tesla (Shanghai) got a business license and TESLA MOTORS HK LIMITED was the wholly-owned shareholder. The legal representative is Zhu Xiaoyu, President of Tesla China. The main personnel include Zhang Jing, Todd Andrew Maron and …

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